Standard Chartered Falls Most in 24 Years on Iran Probe
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Standard Chartered Plc fell the most in almost 24 years as an analyst estimated it may face costs of $5.5 billion after being accused of violating U.S. money laundering laws over its dealings with Iranian banks.
The shares fell 16 percent to 1,228.5 pence in London trading, their biggest decline since 1988, the earliest date for which data are available.